From Fortune · Camila Grigera Naón · · 1m 10s
Andreessen Horowitz drops crypto from fund name
The venture giant rebrands a16z Crypto to a16z Frontier, expanding beyond digital assets into AI, robotics and other emerging technologies.
In brief
The venture giant rebrands a16z Crypto to a16z Frontier, expanding beyond digital assets into AI, robotics and other emerging technologies. Andreessen Horowitz rebranded its crypto fund to a16z Frontier on Thursday, expanding its two point two billion dollar fund to back AI, robotics and other emerging technologies…
Crypto fund gets new name
Andreessen Horowitz announced Thursday it is rebranding a16z Crypto to a16z Frontier, expanding its scope to back startups developing artificial intelligence, robotics and other emerging technologies.
The label matters less now
Managing partner Chris Dixon wrote that as more businesses use blockchain technology behind the scenes, the distinction between crypto companies and other businesses is becoming less clear.
“Does that make them crypto companies? The label matters less now.”
Fund scope expands but crypto continues
The rebrand expands the scope of its two point two billion dollar fund announced in May, though the firm will continue backing crypto startups and advocating for crypto regulation.
Other crypto investors follow similar path
Paradigm announced a one point two billion dollar fund in July expanding beyond crypto into AI and robotics.
What it means
Andreessen Horowitz rebranded its crypto fund to a16z Frontier on Thursday, expanding its two point two billion dollar fund to back AI, robotics and other emerging technologies while continuing to support crypto startups.
